63,200 Shares in Genpact Limited (G) Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC bought a new stake in Genpact Limited (NYSE:G) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 63,200 shares of the business services provider’s stock, valued at approximately $1,817,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC lifted its stake in Genpact by 5.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock worth $106,000 after purchasing an additional 189 shares during the period. Acrospire Investment Management LLC lifted its stake in Genpact by 569.8% during the second quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock worth $112,000 after purchasing an additional 3,419 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Genpact during the third quarter worth approximately $128,000. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Genpact by 1.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,053 shares of the business services provider’s stock worth $141,000 after buying an additional 94 shares in the last quarter. Finally, Advisor Group Inc. increased its holdings in shares of Genpact by 59.8% during the third quarter. Advisor Group Inc. now owns 5,017 shares of the business services provider’s stock worth $145,000 after buying an additional 1,878 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Shares of Genpact Limited (NYSE:G) opened at $33.12 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.65 and a quick ratio of 1.65. Genpact Limited has a 52-week low of $23.34 and a 52-week high of $33.75. The company has a market cap of $6,390.00, a price-to-earnings ratio of 24.00, a P/E/G ratio of 2.06 and a beta of 0.58.

Genpact (NYSE:G) last issued its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. Genpact had a net margin of 10.18% and a return on equity of 23.86%. The firm had revenue of $708.82 million for the quarter, compared to analysts’ expectations of $685.25 million. During the same period in the previous year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. equities analysts predict that Genpact Limited will post 1.47 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Friday, December 8th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.24 annualized dividend and a dividend yield of 0.72%. Genpact’s dividend payout ratio is presently 17.39%.

A number of brokerages recently weighed in on G. Zacks Investment Research lowered shares of Genpact from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Robert W. Baird reaffirmed a “buy” rating and set a $34.00 target price on shares of Genpact in a report on Monday, September 25th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $36.00 target price on shares of Genpact in a report on Wednesday, November 8th. BMO Capital Markets reaffirmed a “hold” rating on shares of Genpact in a report on Friday, October 6th. Finally, SunTrust Banks reissued a “buy” rating and set a $34.00 price target on shares of Genpact in a research report on Monday, October 9th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $33.38.

In related news, SVP Piyush Mehta sold 12,500 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $32.00, for a total value of $400,000.00. Following the transaction, the senior vice president now owns 77,944 shares in the company, valued at approximately $2,494,208. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Arvinder Singh sold 22,855 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $32.23, for a total transaction of $736,616.65. Following the completion of the transaction, the senior vice president now owns 37,623 shares in the company, valued at approximately $1,212,589.29. The disclosure for this sale can be found here. Insiders have sold a total of 1,675,525 shares of company stock worth $50,978,024 over the last 90 days. 1.41% of the stock is owned by company insiders.

TRADEMARK VIOLATION NOTICE: This news story was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://stocknewstimes.com/2018/01/16/63200-shares-in-genpact-limited-g-acquired-by-janus-henderson-group-plc.html.

Genpact Profile

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Institutional Ownership by Quarter for Genpact (NYSE:G)

Receive News & Ratings for Genpact Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genpact and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply